AIS High Value Transactions Feedback - Post Office Cheque Deposited shown as Cash Deposit

A pensioner transferred fd maturity from SBI savings account to Post Office savings account via cheque for purchasing NSC on account of better interest . After the amount was credited to his Post Office savings account,  as per the current process he was asked by the local post office to issue a postal cheque for funding the NSC. However the post office has updated the details as cash deposit in AIS and the pensioner has received an intimation requesting his feedback on the same from Income Tax Department.

The feedback options that may be applicable a) Information is partially correct b) Information is correct c) Information is denied; of which option (a) seems most suitable however there is no option for providing any explaination or uploading any documents. 

Kindly guide which option we should use, incase of option (a) do i edit the transaction and assigned value as '0' and submit the feedback.

Or do we need to upload  greivance uploading necessary documents after submitting feedback.

 

Replies (1)

The pensioner received an intimation from the Income Tax Department regarding the cash deposit in AIS (Annual Information Statement). To provide feedback, consider the following options: Feedback Options: - *a) Information is partially correct*: This option seems most suitable, as the transaction was not entirely a cash deposit. The pensioner transferred funds via cheque from their SBI savings account to the Post Office savings account. - *b) Information is correct*: This option is incorrect, as the transaction was not a cash deposit. - *c) Information is denied*: This option might not be applicable, as the transaction did occur, but it was misclassified. Providing Explanation and Uploading Documents: Since there's no option to provide an explanation or upload documents while submitting feedback, consider the following: - *Submit feedback with option (a)*: Select option (a) "Information is partially correct" and submit the feedback. - *Edit the transaction*: Do not edit the transaction and assign a value of '0'. This might lead to further discrepancies. - *Upload grievance*: After submitting the feedback, upload a grievance on the Income Tax Department's portal, providing necessary documents, such as: - *Cheque details*: Copy of the cheque used for transferring funds from SBI to Post Office. - *Bank statements*: Statements from both SBI and Post Office showing the transaction. - *NSC purchase details*: Documents related to the NSC purchase, such as the application form and receipt. By following these steps, you'll be able to provide accurate feedback and clarify the misclassified transaction.

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